Dubai, The UAE
Where should I setup a bank account in Dubai?
We asked expats in Dubai what banks they use and there advice about banking. They advised...
"There are many offshore banks which are appropriate for most expats (be careful if you're US). Local banks, even branches of larger, international banks, are really just locally-owned franchises. Don't expect the same type or level of service you might get back at home or you may become frustrated. There are different values here regarding "customer service." Offshore banks based out of the Isle of Man and other offshore centers often have accounts explicitly focused on the international expat. These will include features like international debit cards, domestic and international payments, multi-currency accounts. They're especially appropriate if you travel a lot. You should always check what type of insurance cover they carry for your deposits. Local banks offer local and international accounts with most of the features you'd expect from a bank. They're not very different from what you might expect at home in terms of services they provide. However, the laws regarding debt are different here. See below," remarked another expat who made the move to Dubai, UAE.
"Before retiring in Dubai, expats should be aware of the cost of living, which is generally higher than in other parts of the world. It is important to research the different types of visas available and the associated costs and requirements. Additionally, expats should be aware of the local laws and customs, and familiarize themselves with the local language. Healthcare is also an important factor to consider, as expats should ensure they have access to quality medical care. Finally, expats should research the different neighborhoods and areas of Dubai to find the best fit for their lifestyle," explained one expat living in Dubai, the UAE.
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Where should I setup a bank account in Dubai?
If you live in Dubai, newcomers to Dubai would love to hear your answer to this question.
